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. china state picc group raising more than $3 billion. it's the territory's biggest ipo in into years. still to come, didn't have to price it toward the bottom of the indicative range, maybe a sign that the appetite from the listings remains week. and managing liquidities also a priority. this week the pboc switched back to pumping money into the banking system after withdrawing more than $40 billion over the last month. reports suggest possible $1.8 billion is a moderate amount compared to what the pboc is used to putting in. andrew, very strong session yesterday for shanghai. flat today. after a period of underperformance, will it turn around or not going into 2013? >> well, i think in the recent couple of weeks actually, we're seeing quite positive economic data coming out of china. pmi is improving. and consumer sentiment is the highest. and for the past five months. but this have not translated into a more robust market. this is because for the past two quarters, there is all bad news. so there was kind of negative feedback loops that caused the market to be oversold. and then it
and china the biggest polluters, china is building more coal plants. how do we get them to see this issue the way we do. there is a legitimate point being made by the other side. we don't matter if the chinese continue to spew co2 in the atmosphere. how do you confront that issue. >> as you know, the chinese and other developing countries say hey, you're the rich countries you got rich polluting and you're not even willing to reduce your own emissions. now you want to stop us from doing this, and you won't help us with clean energy technologies. the answer is we need leadership. if the united states could meet its commitment that obama made, then we could go at international negotiations, and develop an agreement. i think the chinese understand that ultimately building all these coal plants is going to hurt them more than us because they've got more people. they've got a lot of people along the coast lines. they have a lot of people living in very dry arid conditions that will just get drier. they have a lot of mouths to feed and they're drawing down their aquifers. i think if the u.s. w
samsung, to the amount of business they do in china, and why can't those jobs be here. why can't you be a made in america company? >> you know, this iphone, as a matter of fact, the engine in here is made in america. and not only are the engines made in america, but engines are made in america that are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states. next year, we will do one of our existing mac lines in the united states. >> let's say our constitution was a little different and barack obama called you in tomorrow and said get everybody out of china, and do whatever you have to do. make these, make everything you make in the united states, what would that do to the price of this device? >> honestly, it is not so much about price, it is about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the u.s. not necessarily people, but the education, the ability to produce them. >> that is sad, how do we get it back? >> well, it is a concerted effort to g
, china, europe, whatever, the s&p 500 up 12.1% year to date. that is a good year. that is an optimistic year. why is that? >> it seems like we're forgetting about that, doesn't it? with all this talk about what's happening going forward and concern about corporate growth. and truly, we're concerned about corporate growth as well because there really hasn't been that long-term information from our government, from our policyholde policyholders, no economic policy in real investment in assets that we've seen. that's going to be a problem going forward, not to mention the global slowdown, and we're hitting the top of corporate profits now. >> so you don't agree with this. you're turning bearish. >> not bearish in a sense of going forward intermittently. we think that most likely, we're going to see some growth hitting in the second quarter of next year. until we get through this fiscal cliff nonsense, until we see some growth coming out of china and europe, i think that -- >> china i think is showing growth. europe may not show growth in my lifetime, but they're going to be bailed out. do
made in china and india and other places, that flood into america and europe. what responsibility do businesses have that sell these products to try to find out what is going on at the origin of them? in terms of the sweatshops for the young kids? >> piers, good businesses will be checking the supply chains. they will be pretty sure where the goods are coming from. but businesses have to recheck, now that we know this christmas trade is being done. they've got to ask about who is the supplier? they've got to check whether the suppliers are using child labor. and they've got to monitor the conditions. there's got to be a combined effort from the companies themselves and from the governments of individual countries where we know child labor is being practiced. we managed with the help of the global march against child labor, an indian campaign, to get these children released from what was effectively slavery and bondage. they'd been trafficked into that trade, sold by relatives or by friends of the family, into being slaves. and we need greater vigilance on the part of the world of wha
that egotism that everybody reacts to. >> i was in china for ten days and with a group of mayors, the mayor of philadelphia, beijing, mayor nutter. and you know, people in china are asking about the fiscal cliff. everywhere we went. what's going on with you people? so the world is watching. and it's not just us. and i don't care, maybe you think the chinese, well, too bad for them, but it's not just the chinese, it's europe, and they're blaming the fact that their economies aren't going based on the fact that we're in this stalemate. you know, it's huge. >> harold, i mean, it all comes down to leadership. you know, when you talk to business owners, they want leadership shown. i'm glad the president is talking to business leaders now. >> and a debater on the phone. >> not only the administration but also on the other side of pennsylvania avenue with the republicans and harry reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's
, tea and juice. and in china and the asia pacific region, there's plenty of room to grow. starbucks expects china will overtake canada as its second largest market in 2014. >> great to have you. thank you. and forbes is out with a list of the world's most powerful people. number five, pope benedict xvi. bill gates is number four. of course the microsoft found are and philanthropist. number three, russian president vladimir putin. number two is almost the most powerful woman, angela merkel and number one was unanimous, president barack obama. ♪ everybody wants to rule the world ♪ cer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ♪ ha ha! [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call tod
showed up in la jolla, california. he bought all kinds of things, most made in china. he bought paper plates, dixie cups wrapping paper v8 juice drinks pretzel snacks, bisquick and bottled water. he also got a model car which will be a gift for one of his grandkids made by the mysto company. >> bill: they've got a car elevator! >> good point. tmz got the run-down of what he bought. they also reached out to mysto the people who make the toy cars. none of their products are made in america. they're all made in china. >> bill: evan, you've reported, now we know from john sununu echoing mitt romney that he's in la jolla and barack obama is in the white house because obama depended on people who were dependent on government. it is just the handout, the takers are the ones who elected barack obama. >> right. the gifts argument. i think there has been a split on the language of this, whether or not the actual ideals of it. the language, split since romney lost and made his little gifts comment after the election.
be strong consequences if >> they would lose any sort of backing they had with china and russia, in terms of blocking the vote. and it is a suicide mission ia, f >> reporter: the chemical mix is devastating. iraq's saddam used it in 1988. killing 5,000 kurds 1988. u.s. officials stress tonight u.s. officials stress tonight that as of now these weapons remain in the depots have not been loaded on to any planes, and that president assad has not given any orders to use them. but officials here concede if he does there is very little the outside world can do to stop it. >> well, there you have it, this complicates the chaos in the world, making for another difficult situation in the u.s. and others, our chief foreign affairs correspondent, andrea mitchell, is in washington. here we go again, the american public not anxious to hear about any u.s. military involvement anywhere else on the planet, using terms like weapons of mass destruction, chemical weapons, what do we do? now you have the criminal weapons going back over a decade, but the stock pile explains why the president and hillary clin
is if we are going to spend this money, borrow it from china or our kids, we need to make sure that we are getting our money's worth and it is supporting what we intended it to. which is to increase security of our most humble cities. charles: senator coburn, where does the buck stop on this kind of stuff? these guys have a lot of this money. they can do things like this. is there any specific person who has ever been held accountable for this? >> the people you should hold accountable is not the agency. we are allowing the agency to do this. we see waste and stupidity. the fact that we don't have a metric to measure, and we don't know how the money is spent, there are no follow-ups, it just shows the competency of the agency, but also the competency of washington in terms of doing what they're supposed to be doing. charles: on that note, we are talking about the fiscal cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching th
in las vegas and a possible violation of bribery laws, with the company's ventures overseas in china. adelson claimed that after he became heavily involved in the election process, was really throwing out the money, the government began leaking information about the federal inquiries in an effort to vilify him. while romney wasn't in a position to help him out this time, sources say that adelson plans to visit washington in the coming week, where he's arranged hill meetings with at least one house gop leader and is expected to discuss possible changes to the foreign corrupt practices act, the anti-bribery law, that has been -- that has the feds looking into his casino network. well, for sheldon adelson, losing an election cost $150 million. but controlling the pursestrings of people in charge of writing the laws may have broken his promise. priceless, should i say. tonight in our survey, i asked you, will radical republicans ever agree to a tax hike? 11% of you say yes. 89% of you say no. >>> the great thomas jefferson once said, a properly functioning democracy depends on a well-inf
. >> china has been awful, but recently, some reorganization perhaps a bit better. >> thank you, robert he is on facebook or you can e- mail him if you have a question for him at rob black .com. >> fift-- >>kimberlee: some dry conditions for tomorrow. the fog tracker is depicting a combination of cloud coverage. we can see this lasting for the morning hours. with more clearing as for temperatures? temperatures in the 40's. in the 50s, 45 degrees expected in napa. 49 and concord temperatures and the 60s, with the same in los gatos. and a san jose. for the and then valleys, low 60s in concord, 60s in livermore. 59 degrees in civil rafael, the new snowfall for the sierras. but for a san rafael, the mostly sunny skies for the weekend and week. locally, the fog and the clear skies. the same for friday, saturday, sunday, monday, the temperatures are going to warm up a little bit. but they will stay on the cooler side, low 60s. as for your ski report, new snowfall. sierra, tahoe, with a base of 59 in.! it was only a 30 in. base a couple of weeks ago. north st
this great looking bunch in china that would we would love for you to meet. martin, bashir, it is all yours. >> that's fabulous. the dirty debt ceiling. thank you so much. good afternoon. it's thursday, december 6th, and the president is not for turning. >> we need a persuasive, frightening message for the president to see. >> is the administration prepared to go over the fiscal cliff? >> absolutely. >> the gop is on the ropes and they're ready to cave. >> the house republican leadership are like generals, hunkered away in a bunker who don't realize that their army has already laid down its arms. >> what we got today was a seminar on how to surrender. >> need the president to scare the dickens out of those people. >> if congress in any way suggests they're going to tie negotiations to debt ceiling, folks, i will not play that game. >> do we need a better mouthpiece for the republicans. >> revenues will come from guess who? the rich. >> maybe they need to learn a thing or two from president obama. >> this is a solvable problem. i do remain optimistic that we can get something done that is go
and self-righteous hostage taking. the gig is up, dear. but i do know this great looking bunch in china that would
and latin america. the company has big expansion plans in china. there are currently more than 18,000 starbuck's around the globe. they're now charging $7 for the snazzy cup of coffee. so, of course, they can expand. >> some kind of premium blend, exotic blend. >> flecks of gold in it. >> should for $7 a cup. your thursday forecast, everybody. we have showers from portland to seattle. up to 8 inches of snow in the cascades and northern rockies. still mild in the nation's midsection. pop-up showers around omaha, nebraska and louisville. scattered showers from the carolina coast through florida. >> 70s from dallas to miami. mostly 40s in the northwest. 77 in phoenix. 37 in billings. >>> 'tis the season for some really funny movies, funny flicks. we want your help to pick the best, "world news now" classic christmas competition. say that five times fast. >> that is a mouthful. >> so get this, logon to our website at and vote. we both look borderline. >> i look cross-eyed. you look constipated. >> too many candy canes. vote early and often. on our facebook page. let us kn
it is as far from that as i am from china right now. host: the president yesterday spoke about the debt ceiling and is tied to the fiscal cliff negotiations. [video clip] >> i have to tell you that is a bad strategy for america, a bad strategy for our businesses, and it is not a game that i will play. most of you were involved in discussions and watched the catastrophe that happened in august of 2011. everybody here is concerned about uncertainty. there is no uncertainty like the prospect that the largest economy that holds the world's reserve currency potentially defaults on its debts, that we give out the basic notion that the united states stands behind its obligations. we cannot afford -- host: whil"the wall street journal." guest: the president does not want to negotiate with the republicans on the debt ceiling. that is like giving a son or daughter a credit card to do with it as they want freely. i think the president has to admit that both sides have tried to break measures and legislations to the table that would reduce the debt ceiling. the president -- look at how the deficit has quad
assembly from china to the u.s. frankly, that's a drop in the bucket for a company of its size. it's hard to say right now if that means expanding current operations or even building out brand new ones. apple has taken a lot of criticism for its relationship with fox con in china so bringing back jobs here would take a little bit of heat off. >> the news comes at an interesting time too because the company's stock is down quite a bit right now. it's fallen in the last couple days, right? >> you've got that right. apple shares were down before and now trading up a bit here about 1.5% trading at 547. the company hit an all-time high above 700 just this fall but since then it's really been a tough run for the stock. the big tumble came wednesday when shares of gadget giant slid more than 6%. the thing is there's no clear explanation as to why. some analysts are saying it's because of chatter that some firms raised their margin requirements on the stock and just to backtrack what that means. it's harder for investors to borrow money in order to buy it. others say it's because unlike so many o
opened three weeks ago in india. and in china, it's going to be the second biggest market for starbucks by 2014. they're going to have 1,500 stores in 70 cities in china in the next three years. >> and let's be clear about the fiscal cliff. i mean, the near-term impact is bad, right? a lot of people think it would be a recession, but lasting long-term impact, it would lower deficits, you know, and would cut into -- so -- >> dramatically. >> so this isn't the way to go about it. you want to scalp a hatchet, as i keep saying. but companies are trying to make long-term plans, even though near term they're very concerned about what's going on. >>> apple stock dropped more than 6% yesterday. watch that? shares down a little bit in premarket trading this morning. there are a few factors that traders suspect drove the selling. today there's another hearing in the patent case with samsung in california and a research report generated buzz that apple's tablet competitors could eat into its market share. apple shares were up 33% so far this year, right? so if somebody's taking some profits, they'
with the challenges in europe, with china going through a transition, with india's political system, as chair of the india caucus, almost more this functional than ours. we look pretty darn good if we can put a real plan in place. >> what would be the size of the plan? >> i think it gets north of $4 trillion, whether it gets to $6 trillion. this goes back to where you start. two points -- kind of on the opening round questions. it is important to remember that the simpson-bowles plan, which has gained a lot of attention, or the gang of six, which is built off the simpson- bowles, the presumptions that went into those plans assumed that all the top rates would go back up. when you start from that, even though i think simpson-bowles's idea that he would bring the rates down to the high 20's is a bit of a stretch. i do not think we will see that kind of across the board almost zeroing out in some places of tax expenditures that would require. they can show a path towards meaningful tax reform even with the rates at the higher level. point two, and this is one of the things where i think those of
computer. the hackers are likely from china and that while admiral mullens' personal e-mail account has been compromised, aides insist no classified information is stored or viewed on those particular computers. >>> she was playing a part in a high school play, but the real star of the show was waiting in the wings. you got to love these stories. her dad, u.s. airman, returning home from war to surprise his gal. >> oh! [ applause ] [ cheers and applause ] >> gretchen: well, the girl's mom says there was not a dry eye in the room, including myself. >> steve: no kidding. merry christmas. meanwhile, lawmakers rushing to avoid the so-called fiscal cliff at the end of this month. a series of tax cuts and spending cuts set to kick in just 26 shopping days until the fiscal cliff. >> brian: less working days. >> steve: that's right. house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the s
be more expensive. >> there are two ways of looking at it. you're using cheap labor in china. you're not going to have that in the united states, and also you're talking about adding infrastructure costs, how that might impact their bottom line remains to be seen, but tim cook made it clear this is not a financial move necessarily. this is a move to really bring back jobs to the united states and do something positive for the american economy. >> for now apple isn't saying which computer will be built in the u.s. you can be sure a lot of people will wait to see that. stay tuned. >> a senate bombshell. tea party candidate jim demint catches everyone off guard announcing his return from the senate. my interview with him straight ahead. paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens
Search Results 0 to 36 of about 37 (some duplicates have been removed)